Sedo Bid

[retired_member16]

So I have gone against my better judgement and put in a bid for a domain via Sedo.

To and fro we went playing the normal little game until I put in "this is my final offer"

I heard nothing for 6 days and then after checking I see that the domain is entered into an auction in 6 days time.

Is that because of my bid? Are you normally notified via email that that is the case?

If it is because of my bid, am I able to tell the seller to poke it up their bum and that I dont want it now?

 

[GreyWing]

I'm not 100% sure but it would be very strange if it wasn't the case, otherwise every seller on Sedo would just be throwing their names on auction knowing they had a perfectly good fallback if nothing came of the auction.

They can't have it both ways,

GW

 

[accelerator]

I heard nothing for 6 days and then after checking I see that the domain is entered into an auction in 6 days time.

Is that because of my bid? Are you normally notified via email that that is the case?

If it is because of my bid, am I able to tell the seller to poke it up their bum and that I dont want it now?

This is my understanding - They haven't accepted your offer but have put the domain into an auction instead. This is a standard practice for domain sellers on Sedo, because they will want to get the best price possible for their domain. If you still want it, you will have to bid for it in the auction.

They probably have a large domain portfolio so your bid has precipitated their action which ultimately led them to put it into auction.

 

[GreyWing]

So at the moment even though it says 1 bid, does that mean there is infact zero bids?

As I have never seen an auction with zero bids, and in what can't be a coincidence the first bid is the same or seems to be the same as the last offer.

 

[accelerator]

OK, sorry, in fact your bid is the initial one in the auction and it's still binding. Here's the details from Sedo:

"Sellers will have the option to start a Marketplace Auction through the domain's negotiation page within their account. Auctions can be started up to five days after a buyer has submitted an offer and close seven days after that offer was submitted. If your domain does not receive additional bids during the auction period the buyer's initial offer is still binding and wins the auction."

I would have expected the buyer to be notified somehow of the above though.

Rgds

 

[GreyWing]

Having your cake and eating it comes to mind,

If someone did that to me I wouldn't proceed,

It's like deal or no deal, it's like the banker offering £x,xxxx you say no deal and you open the next 2 bad boxes and then you decide you want to take the previous offer.

The bids should be reset to zero and the seller should be able to lose money aswell as gain it, it's their gamble.

 

[accelerator]

I don't see it that way. The seller has said yes to the offer, but is seeing whether anyone else is prepared to pay more. Personally, I think that is fair enough, and I would do the same. This is standard practice on Sedo and I don't feel there's much wrong with it.

Rgds

 

[aquanuke]

My understanding is if you get outbid in the auction too bad for you, if it gets no bids then your old bid is binding.

Seller wins both ways.

 

[GreyWing]

Agreed that's how I understood it, what's the point any seller ever accepting any offer then?

Why don't they just start an auction?

Persoanlly if any seller did that to me, I'd tell them where to stick it aswell.

 

[Edwin]

The last few names I bought via Sedo all went to auctions first. There's literally nothing stopping sellers throwing offers into an auction, but bear in mind that it's then binding on BOTH parties i.e. if nobody else bids the seller can't then raise their asking price and counter offer against you.

So on one hand, somebody could outbid you. On the other hand, the seller can't ask YOU to pay more than you just offered them...

 

[aquanuke]

From a sellers point of view who would not put it too auction. Thats really the whole point of using Sedos services in order to get a better price for your domain.

 

[retired_member3]

Good for seller, piss take for the buyer. I had the same thing with a romanian based member on here. It should be you either accept the offer or you don't.

 

[mat]

As said it is a win win system for the seller. They can either take the money or send it to auction and maybe make more, at worst get the original offer.

I have found if you make a low offer they will send to auction hoping to get more along the lines of what they wanted, if you win with 1 bid you have a bargain! On the other hand I have made very fair offers on domains and had an instant sale without the auction feature being used.

If you wanted £2k for a domain name and someone offers you £1,500 you may put the offer to auction. If someone offers you £2500 youd probably just cash in there and then!

 

[retired_member16]

Ive offered a fair price, neither Sedo or the Buyer contacted me to inform me that my bid is acceptable but the name was being sent to auction 'just in case'

Therefore, if I win, they can shove it.

 

[accelerator]

Have you got other notification e-mails from Sedo? Maybe it's worth checking your junk folders? I would have thought you should get automatic notification of it being sent to auction.

 

[TinkyWinky]

It's like deal or no deal, it's like the banker offering £x,xxxx you say no deal and you open the next 2 bad boxes and then you decide you want to take the previous offer

Not really - cos the seller is not opening any bad boxes - if no one bids then they have to sell for original offer - if anyone bids then the seller gets more money - simple as that.

Whether you agree with it is immaterial - if you use SEDO's system you play by their rules.

However, as you, I and everyone else knows, you don't always have to play by the exact rules. Simply contact the seller direct BEFORE you place any bids - it's worked for me before and I have got the price i wanted... without the auction.

 

[retired_member16]

Have you got other notification e-mails from Sedo? Maybe it's worth checking your junk folders? I would have thought you should get automatic notification of it being sent to auction.

I receive other emails from Sedo with no problems, just not regarding the decision on this current offer.

Id be happy to go through with the purchase if need be, but when it comes up for auction I have no doubt there will be higher bids anyway.

 

[GreyWing]

Not really - cos the seller is not opening any bad boxes - if no one bids then they have to sell for original offer - if anyone bids then the seller gets more money - simple as that.

The seller is adopting a wait and see attitude, I'm not saying that is wrong. I'm simple saying that the buyer has a right to also wait and see if he wishes to continue with the sale. An auction will show a value to that domain name, both to the seller and buyer. The buyer might realise that the domain isn't worth what they thought and should be allowed to also withdraw.

Whether you agree with it is immaterial - if you use SEDO's system you play by their rules.

Absolutley correct, and that's why I don't. I am simply saying how things should work if you want more people to use it. However this is not the way you expect things to work, and if FireStars has not been told of the rules then for me, he is well within his rights to tell the buyer to sod off, I certainly would.

Plus how do you know your not bidding against the same idiot in Britainsgottalent.co.uk


To sum up, nothing wrong with going to auction. But the buyer for me has the right to also withdraw his bid.

 

[sedo]

Hi Everyone,

There is an automatic e-mail that goes out to anyone who bids on a domain that is then put into auction. Firestars, if you PM me the domain name, I can check and see if anything went wrong that meant you didn't get that e-mail.

Plus how do you know your not bidding against the same idiot in Britainsgottalent.co.uk

If you are referring to the 'buyer' of that domain, he has been locked from making any bids on other domains.

Regards,

Shaun

[email protected]

 

[GreyWing]

Yep Sorry Shaun, people like Britainsgottalent would bid on their own name regardless of who's auction they are on, not because of sedo it's just because there are some screwed up people out there, nothing Sedo can do about that.

It was more the point of why a seller (which I have been on your system and it did well for me) would ever press accept bid on your system instead of going straight to auction?

All the best
GW